Comcast to lose 3.9 mln subscribers as part of cable deal

April 28 Mon Apr 28, 2014 6:26am EDT

April 28 (Reuters) - Comcast Corp said it would sell businesses resulting in a loss of 3.9 million video customers as part of its proposed $45.2 billion merger with Time Warner Cable Inc.

As part of the deal, Charter Communications will acquire about 1.4 million Time Warner Cable subscribers, making it the second-largest cable operator in the United States, Comcast and Charter said in a statement. (Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Saumyadeb Chakrabarty)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.